Global Economy's Performance and Potential Delay in Interest Rate Cuts

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A discussion on the unexpected growth of the global economy in 2023, including the US economy's 3.1% growth and factors that were anticipated to cause a recession. The chapter also explores the impacts of the pandemic, lower inflation, supply side effects, increased immigration, and the potential delay of interest rate cuts by central banks.

Microsoft reported record quarterly revenues, the IMF projects the Russian economy and the global economy will grow faster than previously expected, and the UN’s agency for Palestinian refugees is in crisis after allegations that some of its staff were involved in the October 7 attacks on Israel.

Mentioned in this podcast:

Cloud strength and AI excitement boost Microsoft revenue

Alphabet’s advertising growth falls short of Wall Street expectations

IMF raises Russia growth outlook as war boosts economy

A UN agency in Gaza is in crisis. Palestinians may pay the price

Israeli intelligence accused UN staff of kidnap and seizing body

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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